Major Rating Factors:
A current level of 9.6 percent of nonperforming loans to core capital combined with 10.7 percent from a year earlier contributes to the Fair asset quality (3.5). Operating profits as a percentage of assets at 1.4%, coupled with a return on assets of 1.1 has resulted in Good (5.2) profitability.
Other Rating Factors:
Excellent current capitalization (7.7 on a scale of 0 to 10) and a capital leverage ratio of 9.5. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.7 on a scale of 0 to 10).
Asset Mix:
Comm re (39%), securities (14%), comm loans (10%), home mtgs (10%), home eq lns (5%), cash (2%), consumer loans (0%), other (19%)
States with Branches:
FL
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Northstar Financial Group, Inc.
Investment Rating
--
Address
204 South Woodland Boulevard
DeLand, FL 32720
DeLand, FL 32720
Phone Number
(386) 785-1160
Year Founded
2003
FDIC Number
Website
Largest Affiliates
Hudsonville, MI
-
Bank
Bad Axe, MI
-
Bank